Mountain Province Diamonds Inc T.MPVD

Alternate Symbol(s): MPVDF

Metals & Mining Industrial Metals & Minerals

Mountain Province Diamonds Inc. is a Canada-based diamond company. The Company’s primary asset is its 49% interest in the Gahcho Kue Mine, a Joint Venture with De Beers Canada. The Gahcho Kue Joint Venture property consists of several kimberlites that are actively being mined, developed, and explored for future development. The Company’s Kennady North Project includes approximately 113,000 hectares of claims and leases surrounding the Gahcho Kue Mine that include an indicated mineral resource for the Kelvin kimberlite and inferred mineral resources for the Faraday kimberlites. Kelvin is estimated to contain 13.62 million carats (Mct) at 8.50 million tons (Mt) at a grade of 1.60 carats/ton and a value of US$63/carat. Faraday 2 is estimated to contain 5.45Mct in 2.07Mt at a grade of 2.63 carats/ton and a value of US$140/ct. Faraday 1-3 is estimated to contain 1.90Mct to 1.87Mt at a grade of 1.04 carats/ton and a value of US$75/carat.

TSX:MPVD - Post by User

Mountain Province Diamonds Inc

Bullboard Posts

Post by diamhunteron Oct 13, 2018 12:56pm

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Post# 28794629

Time for Change

Fact - your graph tells us there was some brief support immediately after the KDI deal closed - but then a steady sell off afterwards. The real breakdown started at end July after the new CEO Mr Brown did his rounds with the big investors. Since then, the sell off accelerated (read: unimpressed with Mr Brown) and the only significant market support has come from DD. Without his recent buying the stock would be a lot lower. Conclusions:

1. the institutional shareholders didn't like the KDI deal (excessively dilutive) and started selling to get out
2. the institutional investors are unimpressed by Mr Brown and have continiued selling.

Who's responsible - the BOD. Time for change!

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